Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kekiwi corporation manufactures and sells a single

Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure...

80.2K

Verified Solution

Question

Accounting

Kekiwi Corporation manufactures and sells a single product. The company uses units as the measure of activity in its budgets and performance reports. During January, the company budgeted for 6,900 units, but its actual level of activity was 6,910 units. The company has provided the following data concerning the formulas used in its budgeting and its actual results for January: Data used in budgeting: Fixed Element per Month Variable element per unit Revenue - $ 39.30 Direct labor $ 0 $ 3.10 Direct materials 0 18.90 Manufacturing overhead 45,900 1.70 Selling and administrative expenses 27,000 0.30 Total expenses $ 72,900 $ 24.00 Actual results for January: Revenue $ 281,473 Direct labor $ 20,591 Direct materials $ 134,889 Manufacturing overhead $ 57,087 Selling and administrative expenses $ 28,063 The net operating income in the flexible budget for January would be closest to:

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

In a letter to your 12 year old brother explain why the price of a bond...

Statistics
1.2K views

In a survey of 520 potential jurors, one study found that 360 were regular watchers of...

Mechanical Engineering
1.2K views

A polytropic process (n= 1.25) compresses air from 0.3 m3 at 22 0C and pressure of...

Biology
1.2K views

Give an example of both convergent and divergent evolution.

Physics
1.2K views

12 Interference was observed in interference chamber when air was present Now the chamber is...

Geometry
1.2K views

Trapezoid LMNO is shown below OB 9 4 O C 8 L O D 164...

Geometry
1.2K views

Refer to OJ for problems 9 11 Segment KL is tangent to OJ A M...

Accounting
1.2K views

Explain in detail the rationale for your answers. Hahn Manufacturing purchases a key component...

Accounting
1.2K views

Hugh is conducting horizontal analysis to improve his business Essentiay, Hugh is Select one: O...

Accounting
1.2K views

Which of the following variances are most similar with respect to the manner in which...

Accounting
1.2K views

A company is well-designed when it can react quickly to changes in market demand for...

Accounting
1.2K views

Q44 The proceeds from the sale of a bond are equal to a-the face...